Invitation Homes (INVH) Earns “Buy” Rating from Deutsche Bank
Deutsche Bank reissued their buy rating on shares of Invitation Homes (NYSE:INVH) in a research report report published on Wednesday morning, Marketbeat Ratings reports. The brokerage currently has a $26.00 price objective on the stock.
A number of other brokerages have also recently commented on INVH. Evercore ISI set a $26.00 target price on Invitation Homes and gave the company an outperform rating in a report on Monday, November 27th. B. Riley set a $26.00 target price on Invitation Homes and gave the company a buy rating in a report on Wednesday, November 15th. Keefe, Bruyette & Woods reissued a buy rating and set a $25.00 target price on shares of Invitation Homes in a report on Friday, August 18th. Zacks Investment Research cut Invitation Homes from a buy rating to a hold rating in a report on Monday, September 4th. Finally, FBR & Co reaffirmed a buy rating on shares of Invitation Homes in a report on Thursday, September 21st. Two analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus target price of $24.80.
Shares of Invitation Homes (INVH) traded down $0.03 during trading on Wednesday, hitting $23.51. The company’s stock had a trading volume of 2,630,000 shares, compared to its average volume of 4,440,000. Invitation Homes has a fifty-two week low of $19.80 and a fifty-two week high of $23.93. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.59.
The business also recently declared a quarterly dividend, which was paid on Tuesday, November 7th. Investors of record on Tuesday, October 24th were issued a $0.08 dividend. The ex-dividend date of this dividend was Monday, October 23rd. This represents a $0.32 annualized dividend and a dividend yield of 1.36%. Invitation Homes’s dividend payout ratio is presently -118.52%.
In related news, Director John Bartling sold 188,850 shares of the stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $23.11, for a total value of $4,364,323.50. Following the completion of the sale, the director now owns 482,665 shares of the company’s stock, valued at $11,154,388.15. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
A number of hedge funds have recently bought and sold shares of INVH. Alliancebernstein L.P. acquired a new stake in Invitation Homes during the first quarter worth $393,000. Morgan Stanley acquired a new stake in Invitation Homes during the first quarter worth $3,058,000. BlackRock Inc. acquired a new stake in Invitation Homes during the first quarter worth $92,688,000. Schwab Charles Investment Management Inc. acquired a new stake in Invitation Homes during the first quarter worth $4,957,000. Finally, State Street Corp acquired a new stake in Invitation Homes during the first quarter worth $26,214,000.
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Invitation Homes Company Profile
Invitation Homes Inc is a real estate investment trust. The Company owns and operates single-family homes for lease in the United States. The Company’s segment relates to acquiring, renovating, leasing and operating single-family homes as rental properties, including single-family homes in planned unit developments.
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